Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Kazakhstan Tenge/US Dollar (FOREX:KZTUSD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for KZTUSD
The long term trend has been DOWN since Apr 12th, 2018 at 0.003085
The intermediate term trend has been UP since Sep 23rd, 2018 at 0.002734
The short term trend has been UP since Oct 18th, 2018 at 0.002701
Smart Scan Analysis for KZTUSD
Based on a pre-defined weighted trend formula for chart analysis, KZTUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).